Personal guarantee on a lease
A guarantee under which an individual agrees to meet a tenant company’s lease obligations if the company fails to do so.
Related terms
-
Lease guarantee
A guarantee supporting a tenant’s obligations under a lease, potentially making the guarantor liable if the tenant defaults.
-
Guarantee agreement
A contract under which a guarantor agrees to meet another party’s obligations if that party does not do so.
-
Personal guarantee claim
A creditor’s demand or legal claim against a guarantor for sums said to be due under a personal guarantee.
What’s your next step?
Get in touch with us at Bell & Company today to see how we can help